THE SKEPTIC: Merger Fillip For Air France-KLM
Posted on Wednesday, November 23 @ W. Europe Standard Time |
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Despite a 29% rise in its fuel bill and a 4.1% rise in personnel costs, the airline turned a 10% gain in sales into a 33% gain in EBITDA in the three months to September 30...
Despite a 29% rise in its fuel bill and a 4.1% rise in personnel costs, the airline turned a 10% gain in sales into a 33% gain in EBITDA in the three months to September 30. Better yields and merger-related savings in aircraft maintenance, commercial and back-office costs explained the improved profitability. And with more of those savings to come, the airline's earnings should get an extra boost next year from the renewal of its fleet with bigger, longer-flying and more fuel-efficient aircraft.
Read more at Yahoo! News
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